how to start a computer repair business

^{How to start a successful computer repair business}

• Build up your savings. Starting a business is exciting, but shouldn't be rushed. It takes time, planning, hustle, and money to launch a successful computer repair business.
• Create a business plan. A solid business plan is the cornerstone of any successful company. ...
• Finance your business. In addition to building up a nest egg, seeking out additional funds can help you get your business off the ground.
• Choose a location. A computer repair business offers a certain degree of flexibility when it comes to structuring your work environment.
Make sure the price is right. Initially, it can be tempting to offer below-market pricing as a way to entice new customers to give you a try.
Get certified. You don't need a degree to open a computer repair business, but there are several certifications you may want to obtain to prove that you have the necessary ...
Market your computer repair business. Asking family and friends to spread the word about your new business can help you build some initial buzz, but you also need a comprehensive ...
Protect your computer repair business with small business insurance. Lawsuits and other catastrophic events can prove costly. Insurance for your computer repair business can help protect all your hard work.

Do you need certifications to start a computer repair business?

There are no licenses required specifically for computer repair businesses; however, there are general local, state, and federal business registrations, such as a sales tax permit , Employer Identification Number, and Occupancy Permit, among others. While there are no licenses, it may be worth obtaining certification in certain technologies.

How to quit your job and start a computer business?

How to Quit Your Job and Start a Computer Business takes you step by step through starting a computer business part time so you can confidently quit your job and grow your business full-time. Say goodbye to your job and hello to being your own boss. In the book you'll learn: An easy framework to build a successful computer business. The secrect recipe that reduces the financial risk of starting a business. How to build and grow your business part time while still working a full time job.

Is computer repair a good business?

if you are Technology Geek and have the guts to sort out problems related to computers then it’s a very good business opportunity to earn handsome profits. You should have the skills, the time, or the desire to do the computer service, repair, and upgrades than your Business.

How to get paid to fix computers from home?

You can also use these platforms and their existing students to teach coding and Python:

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Is computer repair a profitable business?

However, taking a computer repair shop out on the road is still a viable and profitable endeavor. There are many reasons why there's plenty of space for entrepreneurs like you to offer mobile computer repairs to individuals and other businesses.

How much does it cost to start a computer business?

The cost of operating a computer repair business will vary depending on the business model. A home-based repair business can cost as little as $2,000 to $3,000 to start up. A repair business with a brick-and-mortar storefront will cost closer to $10,000, but startup costs are still quite manageable.

How do I get computer repair clients?

Computer Repair Business Secrets for Getting Better ClientsReplicate Your Best Clients. You need to find more clients that resemble your current best clients. ... Put Your Clients into Categories to Find Patterns. ... Fine-Tune Your Industry Focus. ... Evaluate Your Professional Background.

What tools do I need for a computer repair business?

Essential tools used by computer repairing experts for the specific purposeScrewdrivers (Non-magnetic) ... ATX Power Supply Tester. ... Multi-tester. ... Cable testers. ... POST Card. ... Data-recovery software. ... USB network adapter.

What business can I start with 5000?

If you need a little more help brainstorming, here are six businesses you can start for under $5,000.Tutoring or Online Courses. ... Make a product and sell it online. ... Open a consulting business. ... Create an app or game. ... Become a real estate mogul. ... Virtual Assistant.

How can I start my own business with no money?

How to Start a Business with No MoneyLLP Registration with EMI Option. The first step in starting any business is to incorporate a new business entity. ... Sell on Ecommerce Portals. ... Start providing Services. ... Compile a Great Business Plan. ... Government Schemes.

How do I become a freelance computer technician?

To become a computer technician, you'll need a high school diploma or equivalent. However, you'll likely stand out from your competitors by earning an associate's degree in information technology or a bachelor's degree in computer science, engineering, or a related field.

How do I start an online repair shop?

Simple 4-Step Electronic Repair Business Plan for SuccessIdentify your target market and competition. Market research is an important first step. ... Develop services uniquely useful to your target market. ... Be strategic with your budget rather than taking up a loan. ... Create a basic marketing plan.

How do start my own business?

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ... Write your business plan. ... Fund your business. ... Pick your business location. ... Choose a business structure. ... Choose your business name. ... Register your business. ... Get federal and state tax IDs.More items...

What software do computer technicians use?

Top Software for PC RepairRecuva.Kroll Ontrack EasyRecovery.Iolo System Mechanic.AVG tuneup.

What tools does an IT tech need?

These tools help the technician to pinpoint problem areas, perform tests and begin troubleshooting so users can get back in work and to keep systems running efficiently.Network Analyzers. ... Portable Cable Testers. ... Wireless Network Design. ... Wireless Network Security Analysis.

What is PC repair tool?

PC repair tools are software that aid in tuning your operating system by targeting specific issues it may encounter and neutralize these issues to restore or improve the PC's overall user experience. Pro-Tip: Before opting for a PC repair tool, make sure you have updated your PC to the latest version.

Is it hard to start a computer repair business?

There is no one-size-fits-all answer to this question, as the difficulty of starting a computer repair business will vary depending on the specific...

How can I start a computer repair business with no experience?

There are a few ways to start a computer repair business with no experience. You can start by doing research on the internet, attending computer re...

What type of computer repair business is most profitable?

The profitability of computer repair businesses can vary depending on many factors. However, some of the most profitable computer repair businesses...

How much does it cost to start a computer repair business?

It costs about $1,000 to start a computer repair business. This includes setting up a small workshop, purchasing necessary tools and equipment, and...

What are the ongoing expenses for a computer repair business?

There are a few ongoing expenses for a computer repair business. One is the cost of advertising and marketing. This cost may include flyers, online...

How does a computer repair business make money?

One way a computer repair business makes money is by charging a fee for each service provided. Many computer repair businesses also offer hardware...

Is owning a computer repair business profitable?

There are several reasons owning a computer repair business can be profitable. One reason is that the demand for computer repair services is high....

Why do computer repair businesses fail?

There are many reasons computer repair businesses can fail. One of the most common reasons is a lack of understanding of the market. Companies need...

What degree do I need to repair a computer?

You don't need a degree to open a computer repair business, but there are several certifications you may want to obtain to prove that you have the necessary expertise and potentially gain a competitive advantage. Some of the more common ones include: 1 CompTIA A+ Technician 2 Cisco Certified Network Associate (CCNA) 3 Certified Information Systems Security Professional (CISSP) 4 Microsoft Certified Systems Engineer (MCSE) 5 ACMT (Apple) 6 BICSI Technician (BICISI)

What type of insurance is used for computer repair?

Another policy that can benefit computer repair businesses is a business owner's policy, which combines general liability and commercial property insurance at a lower rate than if you purchased each policy separately.

What insurance do computer technicians need?

Computer repair technicians can also benefit from professional liability insurance, also known as errors and omissions insurance. This policy can pay for the cost of a lawsuit if a client sues claiming that you made a mistake or failed to provide a service you promised.

Why limit repairs to house calls?

Limiting your repairs to house calls at your clients' homes or businesses eliminates the added expense of a storefront, and also creates a natural separation from your personal life at home. However, there are other factors to take into account. You will be at the mercy of your clients' schedules, and you also run the risk of jobs taking longer than anticipated, especially if clients ask you to complete extra work once you're there. Since you’ll be driving to your clients, you should also consider purchasing commercial auto insurance, since most personal auto policies don’t cover business-related driving.

Does insurance cover computer repairs?

Lawsuits and other catastrophic events can prove costly. Insurance for your computer repair business can help protect all your hard work. Here’s a rundown of the policies that are most common for business owners who specialize in computer repairs.

What makes a good computer repair business?

This is one important quality that can make computer repair easier and can make a technician good at their job. Problem-solving skills. The ability to quickly identify and solve problems is essential in this industry.

How much does it cost to start a computer repair business?

The cost of operating a computer repair business will vary depending on the business model. A home-based repair business can cost as little as $2,000 to $3,000 to start up. A repair business with a brick-and-mortar storefront will cost closer to $10,000, but startup costs are still quite manageable.

How much does a computer repair technician make?

According to Salary.com, computer repair technicians make an average income of $24 to $35 per hour.

What is customer service in computer repair?

Customer service is a big aspect of the computer repair industry. A business owner will need to be able to provide prompt service and have computers ready on time. Great interpersonal skills are also important, especially since customers may be upset and frustrated with their computers before they even walk in the door.

What is computer repair?

Computer repair businesses help customers to both fix and maintain their computers. Often, these businesses are tasked with troubleshooting and fixing computer problems, but that work can extend to setting up and maintaining networks, offering in-home visits, and selling computers and accessories.

What is a business specializing in computer repair?

A business specializing in personal computer repair will market to local computer owners who invest in more expensive machines worth repairing. A business specializing in computer maintenance and networks to businesses may only market to businesses of a certain size or those that use a particular technology.

How much has the computer repair industry declined?

As the industry’s revenue has declined, the number of businesses has also declined to 53,960.

Step 1: Decide if the Business Is Right for You

Starting a computer repair business has pros and cons to consider before deciding if it’s right for you.

Step 2: Hone Your Idea

Now that you know what’s involved in starting a computer repair business, it’s a good idea to hone your concept in preparation to enter a competitive market.

Step 3: Brainstorm a Business Name

Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You probably want a name that’s short and easy to remember, since much of your business, and your initial business in particular, will come from word-of-mouth referrals.

Step 4: Create a Business Plan

Every business needs a plan. This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals. A business plan also enables potential partners and investors to better understand your company and its vision:

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number, or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

How To Start A Computer Repairing Business In 2021 And Beyond!

Do you break out in a cold sweat when your computer displays an error message or a black screen?

Business Overview

Computer repair businesses offer services to help customers maintain and fix their computers. Many companies work with computer repair companies to fix and troubleshoot problems.

Industry Summary

IBIS World says that the electronic and computer repairs industry has experienced a decline of 0.7 percent annually between 2014-2019. In 2019, the industry’s total income was expected to decrease by 1% to $19billion.

Industry Trends

Although the overall computer repairs industry is experiencing a decline, certain services remain in demand. Repair Desk says computer technicians must keep up to date with technology as computers and technology develop rapidly.

Target Market

The business model and services provided will determine the target market of a computer repair shop. A local business specializing in personal computer repair will target computer owners who have invested in higher-end machines.

Costs To Start A Computer Repair Business

The cost of owning a computer repair shop will depend on its business model. Startup costs for a home-based computer repair business are between $2,000 and $3,000.

Steps To Starting A Computer Repair Business

Creating a business plan is the next step once you have decided on an idea. Not only will banks require that you have a plan for your business, but numerous studies show that having a plan can help increase your chances of starting a profitable business.

What is a good business plan for computer repair?

A well detailed computer repair business plan should be able to summarize the goals and missions of your business, analyze the market and describe your competitions, your business objectives and ways of raising funds. The business plan should be able to ascertain the projected income and Expenses of your enterprise.

What is computer repair?

The computer repair business is known to provide maintenance and repairing of computers and other related appliances. The responsibilities or jobs of a computer physician may also include building or configuring new hardware, installing and updating software packages, and creating and maintaining computer networks.

What is the importance of choosing a location for a computer repair business?

The location you choose for your computer repair business has a direct effect on your operation’s costs as well as your ability to serve customers (and therefore your revenues).

What is the best legal entity for a computer repair business?

For the purpose of this research, the LLC is the best legal entity for a computer repair business. An LLC is a “pass through” tax entity.

What does it mean to be a computer tech?

Becoming a computer technician is a great point of entry into the IT field, and computer hardware certifications will help demonstrate your knowledge and competency in maintaining computers, mobile devices, printers and more.

Why do businesses need funding?

Every business known to mankind needs fund and financing to be able to stand firm and grow. There is a popular saying “that money is used to make money”; any business that lacks funding is literally dead and doesn’t exist.

Will the repair industry continue to decline in 2021?

In the five years to 2021, the industry will continue declining, albeit at a slower rate. New, technologically complex products will lead the way for increased repair demand. However, the industry will still suffer from declining trends, as electronics and computer products continue to decrease in price. 2.

How do I start a computer repair business?

If you are considering starting a computer repair and maintenance business, make sure you remember these advantages: 1 Basic start-up costs should be minimal. If you already are an IT professional or otherwise, and are experienced with computer repairs and maintenance. You likely already have much of what you'll need. 2 You have a large target market beyond only individual computer owners. Many small businesses or home businesses do not have dedicated IT departments and rely on contracts with outside vendors. 3 Contracting with small businesses, if you are able to do so, can provide a solid foundation of regular work for your business. If you do good work for them, they will be apt to keep using you and refer you to others. 4 You can choose how much or little you want to work. Your business can be a side job to earn extra cash, or it can be a full-time career once you've built up a large enough client base.

What tools do I need to repair a computer?

Basic computer repair tools—such as screwdrivers, power supply testers and grounding straps —are not that expensive, depending on the services you want to provide. Some equipment, such as an oscilloscope if you are wanting to test and fix individual components, can be costly. You may need to be a business license to perform repair services.

What certifications are needed for networking?

Some common industry certifications are ACMT and CompTIA A+. It is helpful to have some networking certifications as well if you'd like to work on business networks. CompTIA Network+ and CCNP from Cisco are a few of the more common certifications.

What are the advantages and disadvantages of starting a business?

As with any venture, there are advantages and disadvantages. Initial costs, licensing, certifications, and relevant business knowledge should all be considered before starting your business.

Do small businesses have IT departments?

Many small businesses or home businesses do not have dedicated IT departments and rely on contracts with outside vendors. Contracting with small businesses, if you are able to do so, can provide a solid foundation of regular work for your business. If you do good work for them, they will be apt to keep using you and refer you to others.

Do I need insurance to register as a limited liability company?

If nothing else, registering as a limited liability company will keep your business and personal assets separated, in case of legal issues. You also may need insurance and to be bonded since you may be entering clients' homes. Again, check with your state to determine exactly what is required.